Sen. Carl Levin Plans to Grill The IRS Over Dark Money

Sen. Carl Levin, right, in the Detroit Red Wings jersey.<a href="http://www.flickr.com/photos/peopleforcherry/3566431923/sizes/m/in/photostream/">People for Cherry</a>/Flickr

For indispensable reporting on the coronavirus crisis and more, subscribe to Mother Jones' newsletters.


In his Tuesday column, the New York Times‘ Joe Nocera hails Democrat Carl Levin, the tough, irascible senior senator from Michigan who will retire at the end of his sixth term in December 2014. Nocera calls Levin “the Senate’s muckraker,” and he’s right: As the top Democrat on the Permanent Subcommittee on Investigations, Levin has probed shady mortgage dealings, the dark world of derivatives, feckless ratings agencies, and more. He famously said “shitty deal” a dozen times during a hearing with Goldman Sachs executives on, well, Goldman’s shitty mortgage deals.

At the end of his column, Nocera drops in this juicy detail:

Toward the end of my interview with Levin, he let slip a tantalizing tidbit. Sometime in the next few months, the permanent subcommittee plans to call the Internal Revenue Service to task for allowing the political super PACs to be classified as tax-exempt 501(c)(4)s. “Tax-exempt 501(c)(4)s are not supposed to be engaged in politics,” he said. “It is against the law to do so.” Then he added, with a certain undeniable relish, “We’re going to go after them.”

Oh, boy!

Oh, boy, indeed! Finally, someone in power plans to grill the IRS on why it is allowing hundreds of millions of dollars in secret money to flow through supposedly nonpartisan “social welfare organizations” and into our elections. Levin’s comments aren’t a complete surprise. In his retirement announcement, Levin said his investigative subcommittee will “look into the failure of the IRS to enforce our tax laws and stem the flood of hundreds of millions of secret dollars flowing into our elections, eroding public confidence in our democracy.”

We’re keenly interested in dark money here at Mother Jones, and as Mother Jones‘ own dark money reporter—yep, it’s there in my bio—I can’t wait to see what Levin digs up. Levin and his staff declined multiple interview requests, so you’ll just have to keep an eye on this space as the story develops.

More MotherJones reporting on Dark Money

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

Dear Reader,

This feels like the most important fundraising drive since I've been CEO of Mother Jones, with staggeringly high stakes and so much uncertainty. In "News Is Just Like Waste Management," I try to unpack the reality we all face and how we can rise to the challenge. If you're able to, this is a critical moment to support Mother Jones’ nonprofit journalism: We need to raise $400,000 to help cover the vital reporting projects we have planned, and right now is no time to pull back.

Monika Bauerlein, CEO, Mother Jones

We Recommend

Latest

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.